Standard Chartered close to U.S. settlement on Iran transactions

Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran-linked transactions and nearing agreement on a fine in the $300-million range, mirroring a much-publicized state settlement over similar allegations, according to four people familiar with the matter.
The London-based bank agreed in August to pay New York's banking regulator $340 million after that authority filed a surprise order accusing the bank of hiding some $250 billion worth of transactions with Iran.
In bringing its case in August, the New York Department of Financial Services broke away from other authorities also investigating the transfers, including the Manhattan District Attorney, the U.S. Treasury Department, the New York Federal Reserve and the Justice Department.
Standard Chartered has been in talks recently to resolve the remaining probes through a joint settlement, the sources said. Authorities have discussed additional fines similar to the previous settlement,

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